Captrust Financial Advisors Trims Stake in Invesco QQQ (NASDAQ:QQQ)

by · The Cerbat Gem

Captrust Financial Advisors cut its position in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 182,543 shares of the exchange traded fund’s stock after selling 7,779 shares during the period. Captrust Financial Advisors’ holdings in Invesco QQQ were worth $93,323,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in QQQ. Proficio Capital Partners LLC grew its holdings in shares of Invesco QQQ by 51,292.3% in the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock worth $5,879,434,000 after purchasing an additional 11,478,188 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Invesco QQQ by 20.2% in the 4th quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund’s stock worth $2,300,993,000 after acquiring an additional 756,990 shares in the last quarter. Strategic Financial Concepts LLC increased its position in shares of Invesco QQQ by 47,853.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock worth $2,103,184,000 after acquiring an additional 4,105,389 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Invesco QQQ by 0.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund’s stock valued at $1,593,354,000 after acquiring an additional 27,115 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Invesco QQQ by 2.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund’s stock valued at $1,239,886,000 after purchasing an additional 52,235 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 1.5 %

QQQ opened at $488.83 on Monday. The stock’s fifty day moving average is $469.56 and its two-hundred day moving average is $499.64. The company has a market capitalization of $306.33 billion, a P/E ratio of 28.58 and a beta of 1.11. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were issued a $0.7157 dividend. The ex-dividend date was Monday, March 24th.

Invesco QQQ Company Profile

(Free Report)

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

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